B K Modi-controlled Spice Mobile is all set to launch its GSM phone for Rs 800 this month. Branded as the 'People's Phone', the handset, a very basic model, doesn't have a display screen. Spice officials believe the company will sell around one million units in India and 10 million globally over the next 12 months.
Telecom service provider Reliance Communications on Friday said it has launched an international calling card for the United States and Canada through which users can make calls to these countries at a rate of Rs 1.99 per minute.
Anil Ambani's Reliance Communications, which offers GSM and CDMA mobile services, said it added 1.62 million new mobile users in March.A company official said the net additions from January to March this year stood at 4.83 million. RCom, the country's largest CDMA operator, added 1.6 million mobile users each for the first two months.
The company has enhanced validity and talk-time of its already launched GSM tariff plans. Under the new offer, subscribers would be able to make local calls at 50 paise per minute (Re 1 earlier) and STD calls at 75 paise per minute (Rs 1.50 earlier). It had also extended validity for lifetime (licence period of the company).
Modi said New Delhi has emphasised on dialogue and diplomacy along with restraint to deal with the situation arising out of the Hamas-Israel conflict.
"We will start our GSM services soon. We have got spectrum in 13 circles in one or two months. We expect to get spectrum in all the circles barring one or two," TTSL managing director Anil Sardana said. RCom has launched GSM services in 11,000 towns, which would be extended to 22,000 towns in the next few months.
Vodafone, which is yet to announce the acquisition, has offered to partner Essar, on which the Indian conglomerate said, "We are at the moment evaluating all our options in the best interest of the Group."
To be the first firm to take advantage of new RBI ruling.
The Anil Dhirubhai Ambani Group company Reliance Communications, which is in the process of bidding for Hutch-Essar, is planning to list its undersea cable business unit Flag Telecom in London to raise over $500 million.
Reliance Communications, which is eyeing to acquire the country's fourth-largest mobile firm Hutch Essar, said on Wednesday it plans to raise funds through issue of securities in the international market.
Telecommunications major Reliance Communications will invest $1.5 billion (around Rs 7,000 crore) in Flag Telecom, its under-sea cable subsidiary, over the next three years.
The Anil Dhirubhai Ambani Group on Thursday announced it that would build the world's largest next generation under-sea cable network with an investment of $1.5 bn (about Rs 7,000 crore) over the next three years.
Formally throwing its hat in the Reliance Communications said it was looking to acquire its rival Hutch-Essar and has received funding support for the proposed deal.
Reliance Communications, along with Malaysian telecom major Maxis, has confirmed its interest in picking up a stake in Hutchison Essar.
Reacting sharply to Bharti Airtel's offer to pay Rs 2,650 crore (Rs 26.50 billion) for all-India spectrum, Anil Ambani-led Reliance Communications on Monday said said the GSM operator was trying to prevent competition. "This is another ploy of Bharti to prevent competition. It shows their (Bharti's) anti-consumer and anti-competitive behaviour," an RCom spokesperson said.
The stock market on Friday greeted with enthusiasm the reports of Reliance Communications planning acquisition of rival Hutch-Essar, as the Anil Ambani group firm gained a massive Rs 4,000 crore (Rs 40 billion) in market value.
The race for acquiring India's third largest mobile services provider Hutch, has hotted up with Reliance Communications backed by an US equity funder
Bangalore-based Healthcare Magic, a first-of-its-kind, real-time, medical consultation portal, will soon tie up with Reliance Communications, the country's second-largest mobile service provider, to launch a Doc On Call service by December this year. Any call made to Healthcare Magic will be attended by a doctor on duty at the the company's Bangalore office.
Subash Chandra's Indian Cricket League can breathe a sigh of relief.
What's happening in the telecom sector are classic bullying tactics - do the wrong thing, threaten to do worse, get the threatened party to sue for peace, and walk away smelling of roses after a "compromise".
Thirty stocks from various sectors form the Sensex.
The 40 per cent market share cap suggested by the Telecom Regulatory Authority of India (Trai) is likely to make mergers between existing telecom operators extremely tough.
Three Japanese submarine cable construction companies have been short-listed by Flag Telecom, a wholly-owned subsidiary of Reliance Communications
UV Asset Reconstruction Company Ltd has made the highest bid of Rs 16,000 crore to buy Anil Ambani group's Reliance Communications and Reliance Telecom, which are in the National Company Law Tribunal (NCLT). Last year it was the highest bidder for taking over Aircel's assets for an upfront payment of Rs 150 crore. Surajeet Das Gupta and Dev Chatterjee dig deeper to find out more about this little known company.
The bidding companies have the choice of either bidding individually or as a group.
The bidding companies have the choice of either bidding individually or as a group.
Move to skirt public offer for S African telco.
The Anil Ambani group on Friday asked market regulator SEBI to probe hammering down of shares of Reliance Communications and other companies by rivals and charged RIL with attempting to derail ongoing talks for a deal with South African telecom giant MTN.
A new round of conflict started on Friday between the Ambani brothers, with the faction led by Mukesh
Indian telecom companies are likely to get a windfall of Rs 100-150 crore (Rs 1 to Rs 1.5 billion) when they announce their first quarter results during this week.
FLAG Telecom, the global telecom arm of the Anil Ambani-led Reliance Communications, is believed to have won a $35 million worth international deal for providing international bandwidth to China Netcom.
The company will invest Rs 16,000 crore (Rs 160 billion) for network expansion in FY08, said ADAG chairman Anil Ambani on Tuesday in Mumbai.
Reliance Communications will slash the homebound international call tariffs - calls made by Indians visiting abroad - by around 50 per cent to cash in on the growing Rs 800-crore inbound market.
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